Simply Good Foods (SMPL) reports tomorrow: what to expect

Packaged food company Simply Good Foods ( NASDAQ:SMPL ) will report results tomorrow before the market opens. Here’s what investors need to know.

Simply Good Foods beat analyst revenue expectations by 1.3% last quarter, reporting revenue of $312.2 million, up 5.3% year-over-year. It was a mixed quarter for the company, with decent growth relative to analyst estimates for gross margin, but not relative to analyst estimates for operating margin.

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Analysts expect Simply Good Foods’ revenue to grow 3.5% year-over-year to $336.2 million this quarter, matching the 2.6% growth seen in the same quarter last year. Adjusted earnings per share are expected to be $0.47.

Most analysts covering the company have reaffirmed their estimates over the last 30 days, suggesting they expect the company to remain on track towards earnings. Simply Good Foods has missed Wall Street revenue estimates twice over the last two years.

With Simply Good Foods being the first among its peers to report earnings this season, we have nowhere else to look for clues as to how this quarter will shape up for consumer staples stocks.

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